News

Nibe Ltd, a key player in defence system manufacturing, inaugurated its advanced plant in Pune. The facility boasts state-of-the-art technology, including 16m and 12m Vertical Machining Centres (VMC), aimed at producing critical defence sub-systems

Ramkrishna Forgings Ltd, one of the leading suppliers of rolled, forged, and machined products, announced a significant milestone as it penetrates further into the North American market by successfully securing a contract worth US$ 220 million.

GrindingHub is set to open its doors for the second time to grinding experts from all over the world from May 14-17, 2024.

The total turnover of the Spanish machine tool sector (machine tools, components, and cutting tools) has reached its record in 2023 after exceeding € 2,000 million in a year that, although it started hesitantly, has shown great dynamism, growing by 17.1 percent over the figure for 2022. By subsectors, machinery grew by 21.5 percent, with forming showing a magnificent performance with an increase of 37.6 percent and reaching € 447 million; and metal cutting also growing with an increase of 15 percent and € 929 million.

The Eirich Group, with Maschinenfabrik Gustav Eirich GmbH & Co KG as its strategic center in Hardheim, Germany, has been a global leader in mixing and processing technology for over 160 years. The company announced the inauguration of its new state-of-art manufacturing plant in Chakan Industrial Area, Pune. The new facility, a strategic addition to Eirich’s global footprint, will focus on manufacturing intensive mixers, associated plant equipment, and control systems for both India and worldwide exports.

The German machine tool industry’s orders received in the fourth quarter of 2023 were 17 percent down on the previous year’s figure. Orders from Germany fell by 20 percent, whereas those from abroad dropped by 15 percent. Demand increased by 11 percent in nominal terms in 2023 as a whole. Domestic demand was down 14 percent, while foreign demand was 9 percent lower. In real terms, there was a 16 percent decline in demand over the year as a whole.

Sandvik Coromant, the metal cutting expert inaugurated its third ‘Green Model School’ and Balwadi. Based in Pimpri Chinchwad, Maharashtra, the Kamla Nehru Hindi Primary School has undergone a holistic revamp to create a Green Model school that aims to enhance the quality of education for over 400 students.

Feintool International Holding AG is consolidating its strategic position as an important supplier of high-precision parts in Asian automotive production, with the founding of ‘Feintool System Parts India Pvt Ltd’ and a new production site in Pune.

The Swiss Steel Group, a leading supplier of high-quality special steels, has further expanded its expertise in the field of die casting.

Hermann Heller, 130 years ago today, opened a trading and manufacturing company for patented products and watchmaking tools in Nürtingen.